Insufficient Evidence to Prove Improvement Costs of Property: ITAT disallows Expense Claims [Read Order]

The appeal was partly allowed and partly disallowed based on the extent of supporting evidence for the claim of expenses

By Varda Marakkar - On August 8, 2024 1:51 pm - 2 mins read

ITAT Disallows - ITAT - Property - Expense Claims - Income Tax Appellate Tribunal - Prove Improvement Costs - ITAT ahmedabad - taxscan

Income Tax Appellate Tribunal (ITAT), Ahmedabad “C” Bench, recently disallowed expense claims put forward by the appellant noting lack of proper evidence to support claims of cost incurred for improvement of property. The appeals concern the assessment year 2011-12 and relate to the disallowance of certain expenses claimed as cost of improvement for a property…

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